: The research has purpose to describe the condition dividend policy, return on equity, current ratio and quick ratio at companies listed on the Stock Exchange in 2014. In addition to determine the effect curren ratio and quick ratio on dividend policy through the return on equity.This research is classified quantitative causality associative. The population of this research is all manufacturing companies listed on the Stock Exchange in 2014 as many as 151 companies and samples of this research were 34 companies using purposive sampling method. Data collection techniques used by researchers is documentation techniques. This research used analysis of the Path Analysis.The result of research shew that : 1) the condition of the dividend policy and the company's ROE sample was quite well, 2) the condition of CR and QR sample companies was not good, 3) CR has no direct effect on dividend policy, but the indirect effect through ROE, and 4) QR was not significant positive effect on dividend policy and ROE.